Page 37 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 37

Solution






              Louis Oosthuizen

              = resident


              = connected person                                                                                              Deemed

              ≠ company                                                                                                       dividend


              loan was granted by virtue of the shares held





              Amount of dividend


              The amount of the dividend is R30 000


              (R1 000 000 (outstanding balance of the loan) × 6% (official

              rate of interest) – 0% (actual interest) × 6/12 (the period that

              Louis owed the amount during DFH’s 2013 year of

              assessment)
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